Notes: * Steady up trend * Great earnings track record * Forming a cup and handle like pattern on the monthly time frame for the past ~4years * Held up relatively really well while the tech sector was being destroyed * Currently bouncing off its 200 day line and now its 50 day line * Also forming an inverse H&S pattern and broke out of it * Bouncing off its 50...
Notes: * Very strong up trend on all time frames * Great earnings track record * Building a base on base pattern * Held up very well against the general market and its sector * Recently bounced from its 50 day line * Printed a pocket pivot with higher than average volume * Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer ...
Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends and has been increasing them recently * Basing for ~4 months * Held up incredibly well while the general market was taking a beating * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector:...
Notes: * Strong up trend * Okay earnings track record * Consolidating for the past ~9months * Bouncing from its 50 day line with bullish momentum Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.73 Relative Strength vs. SP500: 1.32 U/D Ratio: 1.97 Base Depth: 36.27% Distance from breakout buy point: -1.16% Volume 19.91% above its...
Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Forming a base for the past ~8 months * Testing the 50 day line as support for the past 4 sessions * Bouncing off the 50 day line with higher than average volume and printed a pocket pivot Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength...
Notes: * Very strong up trend on all time frames * Great earnings track record * Pays out dividends * Forming a cup and handle over the past ~14 months * Bouncing off of its 50 day line with very bullish price action and volume Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 2.7 Relative Strength vs. SP500: 1.65 U/D Ratio:...
Notes: * Very strong up trend in all time frames * Great earnings * Building a base on base pattern * Coming up off of its 50 day line with volume Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 2.53 Relative Strength vs. SP500: 1.45 U/D Ratio: 1.12 Base Depth: 36.34% Distance from breakout buy point: -5.45% Volume...
Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Breaking out of a base on base pattern of around 8 months * Held up incredibly well as the general market and the financial sector were taking a beating Technicals: Sector: Financial - Insurance - Property & Casualty Relative Strength vs. Sector: 1.15 Relative Strength...
Notes: * Strong up trend * Health care sector showing strength * Breaking historical all-time-highs of $57.9 with a very bullish week * Recently bounced from the 200 Day line and the 10 week line with very bullish price-action Technicals: Sector: Healthcare - Medical Distribution Relative Strength vs. Sector: 3.34 Relative Strength vs. SP500: 1.82 U/D Ratio:...
Notes: * Strong up trend * Great earnings * Breaking out of a ~13 month base with higher than average volume * Forming a bull flag Technicals: Sector: Consumer Cyclical - Footwear & Accessories Relative Strength vs. Sector: 2.2 Relative Strength vs. SP500: 3.32 U/D Ratio: 1.52 Base Depth: 56.68% Distance from breakout buy point: 2.22% Volume 45.81% above its...
* The $DXY is forming a cup and handle * The PA in the handle is coiling and getting extremely tight * A conservative measured objective of this pattern will be around 108.17 * If this plays out as expected we can expect further down side in the general markets.
It seems like the Energy sector ETF $XLE is making an ascending bearish wedge. It's showing lots of resistance around the $82.9 area and hasn't be able to close above it for the past ~2weeks. I wouldn't be surprised if it has a fake breakout to the upside before eventually falling back inside the wedge. Keep an eye out for a break to the down side as the...
Notes: * Strong up trend due to macro situations * Printed a Pocket Pivot as it bounced off of broken resistance * Looks good on multiple time frames Technicals: Sector: Exchange Traded Fund Relative Strength vs. Sector: 3.02 Relative Strength vs. SP500: 4.05 U/D Ratio: 1.62 Base Depth: 56.08% Distance from breakout buy point: 4.42% Volume 37.69% above its 15...
Notes: * Coming up on the right side of its base * Volume increasing with price * Two levels of resistance at which we can take partial profits. Technicals: Ticker: $RXST Sector: Healthcare - Medical Devices Relative Strength vs. Sector: 25.97 Relative Strength vs. SP500: 8.57 U/D Ratio: 1.7 Base Depth: 82.72% Distance from breakout buy point: 1.65% Volume...
Notes: * Great earnings in the recent quarters * Strong up trend in the long run * Price has been increasing along with volume * Breaking out of a ~7 month base with higher than average volume * Also breaking out with a pocket pivot Technicals: Ticker: $WCC Sector: Industrials - Industrial Distribution Relative Strength vs. Sector: 86.62 Relative Strength vs....
Notes: * Great earnings track record * Very strong up trend * Pays out dividends * Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot Technicals: * Sector: Basic Materials - Chemicals * Relative Strength vs. Sector: 4.49 * Relative Strength vs. SP500: 6.32 * U/D Ratio: 1.38 * Base Depth: 29.41% * Distance from...
* Coming up on the right side of its base * Picking up on volume as it ascends in price * Broke out of its inverse H&S pattern earlier and now is in a tight consolidation * Three consecutive pocket pivots * Forming a bull flag Technicals: Ticker: $FBRT Sector: Real Estate - REIT - Mortgage Relative Strength vs. Sector: 6.65 Relative Strength vs. SP500:...
* If the price heads lower, we can expect a bounce from the circled area. A break above this channel would be bullish.